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Jan 25, 2013
01/13
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debt ceiling change, they had to promise that paul ryan was going to produce a budget in a week that would balance the budget in ten years with no revenue increases. >> right. >> now, when you see what is going to happen to spending in order to meet those numbers, i'd like to see her go out there and say, this is the kind of thing the republican party should get behind and run behind because it's going to be ugly. >> richard wolffe, mary matalin is positive. there aren't a lot of republicans right now who are given what's happened. but again, we see shifts in party allegiances fairly quickly. it just does seem like my party is suffering a long-term letdown. to say the least. >> yeah. look, mary has a strong character, as we all know. the truth is that the president actually won and he won pretty big for his ideas. i didn't -- by the way, the president talking about cap and trade in his inaugural. he didn't say how he would address climate change. he said we have to address the impact of it. the question for republicans, i think, is what's the big idea? and it is what you keep advocat
debt ceiling change, they had to promise that paul ryan was going to produce a budget in a week that would balance the budget in ten years with no revenue increases. >> right. >> now, when you see what is going to happen to spending in order to meet those numbers, i'd like to see her go out there and say, this is the kind of thing the republican party should get behind and run behind because it's going to be ugly. >> richard wolffe, mary matalin is positive. there aren't a lot...
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Jan 28, 2013
01/13
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ceiling. how that turns out will probably dictate how 2013 happens for cat piller and maybe for the world. >> despite the cautious outlook, shares of cat are trading higher. is now the time to buy that name? 90 seconds to make the case. why is now the time. >> i like this for macro ropeses and micro. 60% of revenues are overseas. and 27% in asia. an opportunity there. u.s. construction, 25% market share, leading here. micro, doing as best they can in a challenging environment. in incremental margins better than expected. in the fourth quarter expect more throughout the year. i think guidance of $7 on the low end was no worse than expected. >> what's the problem then? >> first of all, the stock is up 20% since december 16th. i don't think what we heard about earnings or guidance justifies more than that. this is a great company. don't think it will out-perform the market. the only reason you own an individual stock because it out-performs average stock. $17 is given and they don't give us quart
ceiling. how that turns out will probably dictate how 2013 happens for cat piller and maybe for the world. >> despite the cautious outlook, shares of cat are trading higher. is now the time to buy that name? 90 seconds to make the case. why is now the time. >> i like this for macro ropeses and micro. 60% of revenues are overseas. and 27% in asia. an opportunity there. u.s. construction, 25% market share, leading here. micro, doing as best they can in a challenging environment. in...
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Jan 24, 2013
01/13
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. >> greta: every time we hit one of the mile posts, whether it's sequestration or debt ceiling, taxes going up, whatever it is, what happens is the solution is just to extend is somehow and create another hurdle in a certain period of time and when we get to that point we do it again. i mean. >> that's not the best way to do it. >> greta: is there ever going to be a finality to this. >> one way or the other because there will come a point where the debt will deal with us if we don't deal with it. no doubt it has to be dealt with, we would hope we would deal with it it before that point of crisis before we become europe or one of the places that scramble to deal with it that should been dealt with a long time. the president of the united states gave his inaugural address on monday and barely mentioned the national debt and the fundamental argument only way for the middle class and create prosperity in america is for the government to have more control over our economy, more taxes, more regulations, more spending. there's a fundamental difference between the president's view of our futu
. >> greta: every time we hit one of the mile posts, whether it's sequestration or debt ceiling, taxes going up, whatever it is, what happens is the solution is just to extend is somehow and create another hurdle in a certain period of time and when we get to that point we do it again. i mean. >> that's not the best way to do it. >> greta: is there ever going to be a finality to this. >> one way or the other because there will come a point where the debt will deal with...
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Jan 24, 2013
01/13
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. >> well, i love the idea, i think the only problem with the suspend the debt ceiling and make it go away, is a three-month part, suspend it. but the no pay, is getting misreported. i imagine this is part of the 27th amendment you point out, it is not no budget, no pay. if they don't pass a budget they don't get paid until the final day of the session. it is no budget, you get paid later. but you get all of your money kept in an escrow account, all handed to you on the last day of the session. it is not the same as no budget, no pay. just one more thing about the bill that is not quite on the level. >> and it is not actually a budget they're talking about. all they're talking about is each body talking about passing a resolution, which is not a law, and doesn't change anything. it is just a resolution, a promise to do something in the future. and the way they have written it, apparently ezra, if the senate passes one, then okay, the senate can get paid. if the house passes one then house members can get paid. but the 27th amendment very simply says no law varying the compensation of
. >> well, i love the idea, i think the only problem with the suspend the debt ceiling and make it go away, is a three-month part, suspend it. but the no pay, is getting misreported. i imagine this is part of the 27th amendment you point out, it is not no budget, no pay. if they don't pass a budget they don't get paid until the final day of the session. it is no budget, you get paid later. but you get all of your money kept in an escrow account, all handed to you on the last day of the...
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Jan 28, 2013
01/13
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the next thing is the debt ceiling which was a big leverage point and republicans kicked that can down the road. all you have left is the sequester. a lot of votes stores are on the sidelines worried about political risk and but a lot of political risk has been removed. tracy: you said kicked down the road but it will come back. you're talking about short-term euphoria for a while, correct? >> correct. the fed money policy is a huge driver. they're in the process of a financial repression regime where you look at different asset classes like treasury bonds. they're incredibly expensive. you don't make anything after cash. you lose money after inflation, right? tracy: right. >> what are your options? they're trying to drive people into risk assets. as investors look into high-yield bond or certain types of mortgage-backed securities they have become very rich. the only thing really left is equities. it is almost a process of elimination for investors. they end up driving equities higher. tracy: that's what we've seen in the month of january, we've seen a lot of inflows into the market.
the next thing is the debt ceiling which was a big leverage point and republicans kicked that can down the road. all you have left is the sequester. a lot of votes stores are on the sidelines worried about political risk and but a lot of political risk has been removed. tracy: you said kicked down the road but it will come back. you're talking about short-term euphoria for a while, correct? >> correct. the fed money policy is a huge driver. they're in the process of a financial repression...
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Jan 24, 2013
01/13
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you are looking ahead to the debt ceiling and saying another policy error could be a big market hit. what do you mean by that? >> we look can't think we are still in this leveraging scenario. it is not over. debt levels are still high in the u.s. and many developing economies. we have to bring those down to create a nice fundamental situation. that provides a lot of opportunity for policymakers to make mistakes or mess things up. and the extension in front of -- a sequester coming. the extension of the budgets for the coming year, in europe we still have spain refinancing 20% of gdp in debt, more than enough opportunities, that is not a best case. >> you are talking about the united states, the worst enemy at this point. to get these jobless claims at week 5-year lows, nice to see but if unemployment is at 10%, in range for 2013, and it will take 1/2% of of the gdp, no jobs, don't even have an economic recovery and no jobs. >> not necessarily a bad economy, we are in an okay economy, not great because 1/2%, from a fiscal austerity coming through the pike, the job situation is improvi
you are looking ahead to the debt ceiling and saying another policy error could be a big market hit. what do you mean by that? >> we look can't think we are still in this leveraging scenario. it is not over. debt levels are still high in the u.s. and many developing economies. we have to bring those down to create a nice fundamental situation. that provides a lot of opportunity for policymakers to make mistakes or mess things up. and the extension in front of -- a sequester coming. the...
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Jan 30, 2013
01/13
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if we want to see it on the debt ceiling it starts by these things where we can agree, where we can move things forward and as mary said which was a good point, dear, that the president can make the tone, either he can create a battle on this or he can try to bring people together. >> well he can, and i'm sorry for interrupting you, sweetheart, but you can. >> so sweet. >> he is capable of bringing people together. if he changes his rhetoric, he still is in campaign mode. i say this with great respect. and he knows it, but it's like give other members of congress a chance to be a part of the process. >> that's why i keep saying stop asking him lean on it. tell congress this is why you're there. you can lead on this, mcconnell, reid, pelosi, boehner, you lead. >> that's exactly what they did, that's exactly what they did. >> cool. >> the debate as you can tell heated at times. thanks guys, i appreciate that. >>> ahead we'll talk more about alex rodriguez and several other major league baseball players named in the new doping scandal. we'll look at just how dangerous these performance-enha
if we want to see it on the debt ceiling it starts by these things where we can agree, where we can move things forward and as mary said which was a good point, dear, that the president can make the tone, either he can create a battle on this or he can try to bring people together. >> well he can, and i'm sorry for interrupting you, sweetheart, but you can. >> so sweet. >> he is capable of bringing people together. if he changes his rhetoric, he still is in campaign mode. i...
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Jan 24, 2013
01/13
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we know the consumer confidence took a six-month hit because of the debt ceiling fight. so, to take that off the table as a big washington fight helps a lot, i think. >> certainly, the markets, a lot of people pointing to one reason, you have had a pretty nice string of gains here that debate, at least the deadline pushed back a bit. where does the conversation now begin when it comes to real reform? who instigate it is and how constructive do you think it's going to be? >> i think we can build upon some of the previous efforts. we had an agreement in 2011 which allowed us to reduce spending and we can do that again. at the end to of this year so the called fiscal cliff deal i think was further evidence when you get 89 united states senators voting for that end of the year agree respect, the deal was perfect and had all kinds of frustrations associated with it, but we have to keep building upon what is some good developments in bipartisan consensus. i can't speak to the house but i think there is a willingness on both sides senate to build on those efforts. >> what do yo
we know the consumer confidence took a six-month hit because of the debt ceiling fight. so, to take that off the table as a big washington fight helps a lot, i think. >> certainly, the markets, a lot of people pointing to one reason, you have had a pretty nice string of gains here that debate, at least the deadline pushed back a bit. where does the conversation now begin when it comes to real reform? who instigate it is and how constructive do you think it's going to be? >> i think...
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Jan 29, 2013
01/13
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let's take a look at the next idea about the debt ceiling debate. i think this is a really important finding here, guys. we ask do you think congress is going to increase the debt ceiling every time it's reached, refuse to raise it at some point and don't know? you can see 86% are saying that congress will raise the debt ceiling every time it's reached this year, when i think about some of the reasons why stocks have gotten higher because i think that thread along with the fiscal cliff has come out of the market and that there's overwhelming sentiment that coss i solve the get problem. we asked wall street to grade our treasury secretary going out and one coming in. you can see a pretty strong sentiment that he was a seed secretary with a 2.2. jack lew, the sentiment there. 2.0. one more thing on the deficit i just want to say and maybe this is worthy of discussion here. i think this is a sign that things have improved, at these economists and guys on wall street are saying we should solve the deficit and do it now. i think if things were as bad as
let's take a look at the next idea about the debt ceiling debate. i think this is a really important finding here, guys. we ask do you think congress is going to increase the debt ceiling every time it's reached, refuse to raise it at some point and don't know? you can see 86% are saying that congress will raise the debt ceiling every time it's reached this year, when i think about some of the reasons why stocks have gotten higher because i think that thread along with the fiscal cliff has come...
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Jan 28, 2013
01/13
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at the same time, they've pushed off the debt ceiling for a few months. so the body language out of washington has been more constellatory. so when you get to this point where you think about what the deficit might look like this year, i don't think you're going to be looking at a balanced budget so soon. you can't sustain trillion dollar deficiter year after year after year doubling the debt so many years and still think that the market is going to accept that over time. they know the market needs to move away from this, but it's going to away longer process. >> kevin and mike will be with us for the rest of the hour. >> and it's time for the global markets report. kelly evans is standing by in london. i could string up a lot of thing to talk to you about, kelly. you're very close to davos. i don't know. we -- i don't really feel like i've missed anything, really. but you're still close. you could have jetted over there easily and joined in with, you know, john legend and charlie thero this e, andrew ross sorkin. >> i was hoping maybe some of those peopl
at the same time, they've pushed off the debt ceiling for a few months. so the body language out of washington has been more constellatory. so when you get to this point where you think about what the deficit might look like this year, i don't think you're going to be looking at a balanced budget so soon. you can't sustain trillion dollar deficiter year after year after year doubling the debt so many years and still think that the market is going to accept that over time. they know the market...